Price Analysis for ETH Shows it may Reach a High of $5,690.37 or a Low of $3,410.31

Cryptocurrency Ethereum News Price Analysis

At the time of writing, Ether’s (ETH) price is at $4,086.60, which is a good signal for the investors. According to technical price analysis for ETH, it has grown by 3.02% in the past 7-days. This means that for an entire week, ETH has continued demonstrating a high trend in terms of its growth.

In the light of the 1-week performance, the current sentiments of the investors are in the positive zone for Ethereum. This means that as of now, the investors are looking forward to buying ETH. However, given the current growth rate, it is a moderate buying that is demonstrated by ETH.

As of now, the sell, neutral, and buy ratio for Ether is 3:9:14. This means that for now, the sentiments of the investors are in the bullish zone, as the interest meter shows that investors may continue buying ETH.

It is being expected that in the upcoming days, the bulls may continue buying as many ETH as possible. They may attempt to push its price higher and bring it all the way up to $4,250.38, which is the 10-day SMA for ETH.

The bulls may attempt to bring it somewhere around $4,229.11, which would be the strong support point for ETH. From that point, the bulls may try pushing ETH’s price all the way up to $4,498.29, which would be the pivot point for ETH.

From that point, the bulls may build a strong rally in order to help it hit another all-time high, somewhere around $4,983.05. According to current figures, it is the first resistance point for ETH where the bears may try to trigger heavy selling for ETH.

However, if the bulls succeed in overpowering the bears, they may be set for another all-time high going all the way up to $5,189.18. That would be another resistance point for ETH and if the bulls manage to overcome that obstacle, then another all-time high would be in order. If the bulls succeed, they will be able to push it all the way up to $5,690.37.

On the other hand, the bears may attempt to bring its price down. If the bears manage to pull ETH’s price below the $4,000 price, they may attempt to pull it below the first strong support point ($3,851.55).

If the bears manage to pull ETH’s price below the $3,851.55 figure, they may attempt to bring it lower than the $3410.30 figure. This is the second support point for ETH and succeeding here would mean that bears will be able to pull its price even lower.

If the bulls are not able to keep up with the bears, they may be able to bring ETH’s price below the 50-day EMA ($2925.71).

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